The newest American office represents Avison Young's 38th office outside
of Canada, the company's second office in Pennsylvania, and an
additional step in the firm's ongoing aggressive growth and expansion
strategy.

Over the past four years, Avison Young has grown from 11 to, now, 53
offices in 41 markets and from 300 to more than 1,300 real estate
professionals across Canada and the U.S.

Effective immediately, four real estate professionals form Avison
Young's Philadelphia office. David Fahey, Patrick Kelley and Paul French join Avison Young as Principals. Fahey and French were most recently
with Binswanger, a full-service international real estate organization
headquartered in Philadelphia; while Kelley comes from Tactix Real
Estate Advisors. Additionally, Patrick Brady joins the team as a Vice-President. Brady was most recently with
Binswanger.

Fahey, a 19-year veteran of the commercial real estate industry, also
becomes Managing Director of the Philadelphia office and will focus his
efforts on overseeing the growth and development of Avison Young's
presence in the region, as well as servicing new and existing clients
and managing the day-to-day operations of the office.

"The addition of a Philadelphia office is critical to Avison Young's
full-service client platform in the Northeast Corridor," comments Rose.
"This team comprises industry leaders with a proven track record of
client satisfaction, leasing expertise and successful advisory
assignments. I could not be more delighted to have David, Patrick K.,
Paul and Patrick B. lead our expansion in the greater Philadelphia
region."

Rose continues: "Philadelphia's proximity to New York, Washington DC and
Boston offers numerous possibilities for collaboration with our offices
in those cities, and there is a natural in-state synergy with our
Pittsburgh office in a market that is thriving. Philadelphia's
proximity to our major Canadian markets in Toronto and Montreal, as
well as these American cities, will also enhance opportunities for more
cross-border transactions."

Rose says Avison Young's increased presence on the East Coast will also
benefit the firm in the future as it expands to Europe and Asia.

"Avison Young has grown with marked momentum in the U.S. during the past
four years, with numerous acquisitions and hires. The strategic hire of
this team of respected professionals will give us further momentum as
we continue building the Avison Young brand," notes Earl Webb, Avison Young's President, U.S. Operations. "We are fortunate to have
David, Patrick, Paul and Patrick on board to anchor our Philadelphia
office. During their careers, they have built an impressive roster of
clients, are well aligned with Avison Young's client-centric approach,
and are active members of the community."

Avison Young opened its first Pennsylvania office in Pittsburgh in June
2012, with Duke Kingsleyjoining as Principal and Managing Director.

"The addition of David and his team will really benefit our clients as
we continue to add top talent," says Kingsley. "With offices now in
Philadelphia and Pittsburgh, the statewide coverage will enhance our
client focus and provide seamless service."

"I am very excited to be joining Avison Young," says Fahey. "Having
served the needs of many corporations, I know of no other global real
estate service provider organized and managed to truly be aligned with
the client, and that has the ability to deliver best-in-class services
to meet clients' needs. We are delighted to be part of Avison Young's
growth in Pennsylvania and the Northeastern U.S."

Philadelphia is located in southeastern Pennsylvania, along two rivers,
and shares a border with New Jersey. A population of roughly 1.5
million makes Philadelphia the largest city in the Commonwealth of
Pennsylvania and the fifth most populous city in the nation. Considered
to be the economic and cultural center of the Delaware Valley,
Philadelphia has attracted several Fortune 500 companies. The city's
economy is diverse, with the largest employment sectors being education
and health services; trade, transportation and utilities; professional
and business services; and government. Philadelphia boasts four
professional sports teams, and its higher-education institutions
provide an excellent talent pool.

Today's announcement comes on the heels of Avison Young opening offices
on Long Island, NY, Tampa, FL and Greenville, SC in the past month.

Biographies:

David FaheyDavid Fahey has spent the last 19 years of his career in the commercial
real estate industry. While at Binswanger, he served as President of
the commercial division. On behalf of his clients, he successfully
managed and completed projects in 31 states and 11 countries. He also
brings to Avison Young experience on the development side of the
business from his time as a partner at Preferred Real Estate
Investments. Prior to his tenure in the real estate industry, Fahey
spent 12 years in many capacities in the packaging industry, as well as
two years in the chemical business.

Fahey earned his Bachelor of Science in business administration and
financial management from Juniata College. He has served on many
Boards, including the Philadelphia Chapter of CoreNet for more than 10
years. Today, he serves on the Board of King of Prussia Business
Improvement District and St. Davids Golf Club.

Patrick Kelley
A diversified real estate professional, Patrick Kelley brings 28 years
of varied commercial real estate experience to Avison Young. Prior to
joining the firm, he served as a tenant rep specialist with Tactix Real
Estate Advisors, President of the commercial division at Binswanger,
and director of brokerage services at Cushman & Wakefield. He is
seasoned in project leasing, investment sales, acquisition, tenant
representation and site selection. Kelley has managed many complex
transactions in the region with various distinguished companies,
including: Select Medical Corporation/NovaCare (1 million square feet
(msf) of lease transactions), Novartis Pharmaceuticals (560,000-sf
headquarters disposition), IKEA (North American headquarters
acquisition), Archdiocese of Philadelphia (dispositions), and Conair
Corporation (1.5-msf world headquarters site selection).

Kelley attended Temple University, concentrating on urban planning and
marketing. He is deeply involved in the community, serving on several
Boards, including: Police Athletic League of Philadelphia, Cuddle My
Kids, Archdiocese of Philadelphia real estate advisory committee,
Breach Menders, and Saint John Vianney Scholars. Kelley also completed
the Lake Placid Ironman Triathlon in 2010 to raise funds for the ALS
Research Foundation.

Paul FrenchPaul French has more than two decades of commercial real estate
brokerage experience, with a primary focus on facilitating transactions
for institutional investor and corporate clients. Prior to joining
Avison Young, French served as Executive Vice-President for Binswanger,
where he consistently ranked as the company's top producing commercial
broker. Prior to his tenure at Binswanger, French worked as a
commercial real estate lender with one of Philadelphia's major banking
institutions. During his career, French has been recognized by CoStar
as one of the top brokers in the Philadelphia Metropolitan Region and
nationally by Commercial Property News.

French, a native of Canada, holds a Bachelor of Arts degree from the
University of Virginia. While at Virginia, French earned All-American
honors playing lacrosse and subsequently represented Canada in the 1982
and 1986 World Lacrosse Championships. French also played professional
lacrosse for the Philadelphia Wings from 1987 to 1990 and remains
active as a youth hockey and lacrosse coach.

Avison Young is the world's fastest-growing commercial real estate
services firm. Headquartered in Toronto, Canada, Avison Young is a
collaborative, global firm owned and operated by its principals.
Founded in 1978, the company comprises 1,300 real estate professionals
in 53 offices, providing value-added, client-centric investment sales,
leasing, advisory, management, financing and mortgage placement
services to owners and occupiers of office, retail, industrial and
multi-family properties.